Portugal's first auction of permits to build offshore wind farms will start at the end of the year. Its goal is to have a total installed capacity of more than 1 GW by 2030, with a total investment of 3-40 billion euros in projects. The auction will target floating wind farms with turbines in the deep sea, where the winds are strong enough to harness more energy than conventional structures on land. Portugal already has a small 25 MW floating wind project off its Atlantic coast, and other utilities have shown interest in developing offshore wind projects in Portugal. There is also strong investment interest in Portugal, with hydrogen plants installed by 2030 doubling or even tripling the forecasted 2.5 GW.